Coinbase Bitcoin Backwardation Index Expands Rapidly, U.S. Buying Pressure 'Gradually Wanes'

**June 2 – According to official sources, Kaiko—a digital asset market data, index, and analytics service provider—has acquired Amberdata, a leading digital asset data and intelligence platform.** The firm noted this transaction, paired with its earlier purchase of on-chain data infrastructure provider Cometh, solidifies its standing as a top provider of institutional-grade digital asset data solutions. Kaiko describes the deal as one of the most notable consolidations in the digital asset data sector in recent years. Founded in 2017, Amberdata has long served North American hedge funds, asset management firms, banks, and exchanges, with a deep, institutional-focused client base. Its core offerings include derivative analysis tools, on-chain data services, and AI-powered market intelligence systems—widely used for asset pricing, risk management, and portfolio analysis. Kaiko added that as institutional funds keep flowing into crypto, demand for high-quality data and analytics too

On June 2, the White House stated that U.S. President Donald Trump has signed an executive order to promote innovation and security for advanced artificial intelligence. The U.S. will establish a "Confidential Benchmark Testbed" for the artificial intelligence field, and will gain access to "cutting-edge AI models" prior to their full public release. (Golden Finance)

June 2 — According to official announcements, online brokerage Robinhood is set to host a virtual event at London’s Old Royal Naval College on July 1, 2026, at 7 p.m. BST (equivalent to 2 a.m. Beijing time on July 2). The company noted this event marks the launch of its "Borderless Market Tour" and will showcase its latest vision for the future of the financial sector. During the event, Robinhood Chairman and CEO Vlad Tenev will unveil several new products crafted to drive deeper integration between digital assets and traditional finance, with the aim of reshaping the global financial services landscape. Robinhood added that the event will focus on emerging trends for the crypto industry and new cross-border opportunities in financial markets.

June 2: U.S. Secretary of State Mike Pompeo noted that Iran’s response could take up to six days to arrive. (FXStreet)

Per Bitget market data, on June 2nd, stocks of U.S.-based trading platform operators plunged as concerns over perpetual futures risks mounted. CBOE Global Markets dropped 9%, CME Group fell 4.7% to a new low not seen in over a year, and ICE slid 3.9%, approaching a two-year low. In a separate announcement from yesterday, Binance launched U.S. stock trading, which currently supports trading for more than 7,000 U.S. stocks and ETFs.

On June 2, mobile communications provider Helium Mobile—built on the decentralized, encrypted Helium network—has been acquired by Noble Mobile. Founded by American entrepreneur and former U.S. presidential candidate Andrew Yang, Noble Mobile is focused on making communication services universal and accessible. Helium Mobile previously offered a free mobile plan, which has since been discontinued. The company notes it shares Noble Mobile’s core goal of improving the affordability of communication services. After the acquisition, both parties plan to continue rolling out low-cost mobile plans, aiming to take on traditional telecom giants through more competitive offerings. Frank Mong, Helium Mobile’s chief operating officer, said: “We chose Noble Mobile because our two sides are highly aligned on values, long-term development vision, and management approach. We believe this acquisition will help further expand the market coverage of our decentralized communications network and accelera